$ 4,750,000
-
$4,750,000
Price -
0.06
Acre
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About the Listing TZMR01 - 221764
**Rare College Point Investment & Redevelopment Opportunity!** Offered at $4,750,000, this unique three-lot property assemblage at 14-14 114th Street presents an exceptional opportunity for investors, developers, and owner-users. Situated on a combined **9,985 SF of land** with approximately **6,504 SF of existing building area**, the offering includes a detached residential house and two warehouse/manufacturing buildings with legally established, grandfathered commercial/manufacturing uses supported by Certificates of Occupancy. Located within an R4-1 residential zoning district, the property's lawful nonconforming manufacturing uses provide valuable flexibility that would be difficult to replicate through new development. A comprehensive architectural zoning analysis identifies multiple potential investment and redevelopment strategies, including continued manufacturing use, eligible commercial or community facility uses, and residential conversion of the existing warehouse structures. Of particular interest, the analysis identifies a conceptual residential conversion scenario accommodating up to 12 residential units, with additional accessory dwelling unit potential, subject to applicable regulations and approvals. The analysis also identifies unused development capacity, with a maximum residential floor area of approximately 9,985 SF and potential community facility floor area of up to 19,970 SF, subject to applicable zoning and bulk requirements. This distinctive assemblage offers investors the opportunity to preserve valuable existing commercial use rights, explore adaptive reuse of the current structures, or pursue residential redevelopment in an established College Point neighborhood. **Comprehensive zoning analysis outlining potential commercial and residential redevelopment opportunities available upon request. All proposed uses, conversions, unit counts, development scenarios, and floor area calculations are subject to independent verification and applicable governmental approvals.**
Listing Highlights for 14-14 114th St
Interior Details
- Appliances:
- Air Cond: Wall/Window Unit(s),Central Air
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others: Actual,Renovated
- Sewer: Public Sewer
- Parking Features: Driveway,Attached,Garage
Financial Details
- Tax Amount: $41,124
- Taxes w/Assessments: N/A
- Tax/Property ID: 04048-0010
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
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Listing Location
Questions About..
14-14 114th St College Point, NY 11356
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